Discover the innovations that consumers will appreciate having in their home amid the cost-of-living crisis.
New technologies are entering the residential market. These forms of alternative energy are more important than ever as consumers look to save money, as evidenced by increased interest in the cost of living and renewable energy.
1. Home-charging system
Homeowners are searching for sustainable and cost-effective long-term solutions. Hyundai Home launched in November in the US, showing how people can integrate home batteries, solar panels and electric vehicle charging systems into existing home ecosystems. Acting as a marketplace, Hyundai partnered with established companies in the industry to simplify the hardware selection process while ensuring that federal, state and local incentives are applied. The marketplace assures that anyone buying a Hyundai electric vehicle will have a seamless experience choosing a home-charging system.
2. Waste-derived home insulation
US-based CleanFiber is working to transform waste into low-energy home insulation. The company produces cellulose insulation by shredding corrugated cardboard boxes. This type of insulation requires less energy than foam or fibreglass insulation. The insulation can result in lower energy bills for homeowners and a lower carbon footprint.
3. Solar energy storage
Also in the US, Tesla aims to make home energy systems as easy as possible through its Powerwall system. The product reduces reliance on grid power systems by capturing solar energy, storing it and using the power in the home as needed. Users can manage their home’s energy consumption via the Tesla app, with choices to optimise energy independence, blackout protection or savings.
4. Alternative-energy generator
Colombian startup E-Dina aims to provide an alternative-energy lantern. Its WaterLight can generate light for 45 days with just 500ml of seawater or even urine. It also acts as a small generator that can power electronic devices via a USB port. The light is recyclable and is designed to run for 5,600 hours. The device aids in solving energy crises in struggling communities and has the potential to bring power to homes everywhere.
How you can action this
Educate consumers on how to save energy within the home and what cost-effective strategies can be employed. Become a go-to resource for energy management or education.
WGSN subscribers can read the full Sustainability Bulletin: January 2023 for a round-up of the key sustainability happenings this month.